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Explore Union Square Neighborhood in New York City

Real Estate New Developments

General Information

Union Square is a bustling, vibrant neighborhood located in the heart of Manhattan, known for its dynamic energy, rich history, and central location. The area is anchored by Union Square Park, a popular gathering spot that hosts farmers' markets, outdoor events, and performances, contributing to the neighborhood’s lively atmosphere. Union Square is a hub for both commercial and residential development, with an array of restaurants, shops, and cultural venues. Its central location offers easy access to various parts of Manhattan via multiple subway lines, making it an attractive destination for both residents and visitors. The neighborhood also serves as a major transportation interchange, making it highly accessible from all over the city.

Real Estate Information

Union Square’s real estate market is diverse, offering a mix of luxury apartments, historic brownstones, and modern condos. Properties in the area tend to be on the higher end, driven by the neighborhood's central location, vibrant atmosphere, and proximity to major business, cultural, and educational institutions. The demand for real estate in Union Square remains strong, with both buyers and renters seeking access to one of Manhattan’s most desirable neighborhoods. Whether looking for a classic loft space or a sleek, modern condominium, Union Square provides a range of housing options that attract professionals, creatives, and families. Due to its prime location, real estate prices in Union Square are typically high, reflecting its status as a key Manhattan neighborhood.

Historical/Interesting Facts

Union Square has a deep historical significance, dating back to the 19th century when it was initially developed as a public space and transportation hub. The park at Union Square was established in 1839 and quickly became a center for political rallies, labor movements, and public gatherings. It was also a focal point for various social causes, including the women’s suffrage movement and the labor rights movement, cementing its reputation as a place for activism and community engagement. Over the years, Union Square evolved from an industrial area into a major commercial and residential neighborhood, and its historical importance is still reflected in its modern-day role as a cultural and public space. Today, Union Square remains a central and vibrant part of New York City's history and urban life.

Properties Statistics

Total Properties

40

Median Asking

$1,238,047.38

Sale Price/ft²

$1,316.39

Average Home Size

626 ft²

Average Home Age

78 years

Based on results from 40 properties

Buildings in this Sector

True North University Place26 east 13th street

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True North Flatiron 2727 west 16th street

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True North Gold Coast10 east 13th street

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True North Flatiron 4343 west 16th street

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FAQ about Union Square